In the wake of the increase in Current Liabilities in the fourth quarter 2023, Quick Ratio fell to 1.59 above Sovos Brands Inc average.

Within Food Processing industry 7 other companies have achieved higher Quick Ratio than Sovos Brands Inc in fourth quarter 2023. While Quick Ratio total ranking in the fourth quarter 2023 has deteriorated compared to the prior quarter from 1334 to 1728.

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SOVO Quick Ratio	(Dec 30 2023) Q4	(Sep 30 2023) Q3	(Jul 01 2023) Q2	(Apr 01 2023) Q1	(Dec 31 2022) Q4
Y / Y Current Liabilities Change	19.46 %	11.05 %	5 %	20.98 %	37.18 %
Y / Y Cash & cash equivalent Change	67.31 %	147.2 %	133.48 %	119.02 %	109.59 %
Quick Ratio MRQ	1.59	1.62	1.65	1.36	1.13
SOVO's Total Ranking	# 1728	# 1334	# 990	# 1484	# 1744
Seq. Current Liabilities Change	16.71 %	21.83 %	-9.21 %	-7.46 %	8.49 %
Seq. Cash & cash equivalent Change	14.55 %	19.4 %	10.41 %	10.81 %	69.24 %

Quick Ratio fourth quarter 2023 Company Ranking
Within:	No.
Food Processing Industry	# 8
Consumer Non Cyclical Sector	# 39
Overall Market	# 1728

Quick Ratio Statistics
High	Average	Low
1.65	1.01	0.37
(Jul 01 2023)		(Dec 26 2020)

Financial Statements
Sovos Brands Inc's Current Liabilities	$ 146 Millions	Visit SOVO's Balance sheet
Sovos Brands Inc's Cash & cash equivalent	$ 232 Millions	Visit SOVO's Balance sheet
Source of SOVO's Sales		Visit SOVO's Sales by Geography

Cumulative Sovos Brands Inc's Quick Ratio

SOVO's Quick Ratio for the trailling 12 Months

SOVO Quick Ratio	(Dec 30 2023) 12 Months	(Sep 30 2023) 12 Months	(Jul 01 2023) 12 Months	(Apr 01 2023) 12 Months	(Dec 31 2022) 12 Months
Y / Y Current Liabilities TTM Growth	14.25 %	17.83 %	18.51 %	16.5 %	47.38 %
Y / Y Cash & cash equivalent TTM Growth	108.54 %	128.42 %	115.75 %	106.46 %	148.39 %
Quick Ratio TTM	1.56	1.43	1.21	1	0.85
Total Ranking TTM	# 3875	# 3829	# 3857	# 3880	# 3354
Seq. Current Liabilities TTM Growth	5.13 %	2.76 %	1.1 %	4.6 %	8.43 %
Seq. Cash & cash equivalent TTM Growth	14.05 %	22.18 %	21.7 %	22.98 %	24.92 %

Quick ratio ranking by company, industry and sector >> Back to SOVO Financial Strength Comparisons >> Go to Compare SOVO Quick Ratio to its Competitors

On the trailing twelve months basis SOVO Cash & cash equivalent soared by 67.31 % in Q4 2023 year on year, faster than Current Liabilities, this led to increase in in Sovos Brands Inc's Quick Ratio to 1.56, above SOVO average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Food Processing industry 49 other companies have achieved higher Quick Ratio than Sovos Brands Inc. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 3829 to 3875.

Explain Quick Ratio?
How much Cash & cash equivalents SOVO�s has?
What are SOVO�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Food Processing Industry	# 50
Consumer Non Cyclical Sector	# 178
Within the Market	# 3875

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.52	0.97	0.47
(Dec 30 2023)		(Mar 26 2022)

Companies with similar Quick Ratio in the quarter ending Dec 30 2023, within Food Processing Industry	Quick Ratio	Dec 30 2023 MRQ Cash & cash equivalent	Dec 30 2023 MRQ Current Liabilities
Cal maine Foods Inc	3.55	$ 647.914 Millions	$ 182.731 Millions
Freshpet Inc	3.33	$ 296.871 Millions	$ 89.222 Millions
Barfresh Food Group Inc	2.84	$ 1.891 Millions	$ 0.667 Millions
Beyond Meat Inc	2.56	$ 190.505 Millions	$ 74.354 Millions
Tootsie Roll Industries Inc	1.81	$ 171.797 Millions	$ 94.888 Millions
Vital Farms Inc	1.81	$ 116.816 Millions	$ 64.669 Millions
Sovos Brands Inc	1.59	$ 231.988 Millions	$ 146.026 Millions
Ddc Enterprise Limited	1.32	$ 35.758 Millions	$ 27.006 Millions
Steakholder Foods Ltd	1.14	$ 4.248 Millions	$ 3.726 Millions
Tofutti Brands Inc	1.06	$ 0.837 Millions	$ 0.793 Millions
The Simply Good Foods Company	0.98	$ 87.715 Millions	$ 89.857 Millions
Rocky Mountain Chocolate Factory Inc	0.94	$ 4.717 Millions	$ 5.010 Millions
Medifast Inc	0.93	$ 94.440 Millions	$ 101.209 Millions
Bridgford Foods Corporation	0.93	$ 15.708 Millions	$ 16.861 Millions
Branchout Food Inc	0.88	$ 0.658 Millions	$ 0.748 Millions
Lifeway Foods Inc	0.79	$ 13.198 Millions	$ 16.616 Millions
Nocera Inc	0.74	$ 1.230 Millions	$ 1.659 Millions
Mama s Creations Inc	0.69	$ 11.022 Millions	$ 15.889 Millions
Brf s a	0.54	$ 1,997.683 Millions	$ 3,684.166 Millions
Oatly Group Ab	0.53	$ 251.804 Millions	$ 475.462 Millions
The Marzetti Company	0.52	$ 88.473 Millions	$ 168.752 Millions
Borealis Foods Inc	0.52	$ 32.616 Millions	$ 62.301 Millions
Treehouse Foods Inc	0.45	$ 320.300 Millions	$ 704.300 Millions
Benson Hill Inc	0.42	$ 41.786 Millions	$ 99.752 Millions
Sow Good Inc	0.42	$ 2.410 Millions	$ 5.771 Millions
Whole Earth Brands Inc	0.33	$ 30.513 Millions	$ 91.585 Millions
Hormel Foods Corporation	0.33	$ 753.196 Millions	$ 2,299.264 Millions
Bellring Brands Inc	0.32	$ 48.400 Millions	$ 150.200 Millions

Date modified: 2026-09-08T15:11:11+00:00

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